Zhitong Finance App News, Magnesium Technology (00601.HK) issued an announcement. On August 21, 2026 (after the trading period), the Company entered into a placement agreement with the placement agent. According to this, the Company conditionally agreed to place a maximum of 96 million shares at an placement price of HK$0.05 per share (not including the Stock Exchange transaction fees, SFC transaction levies, Central Clearing System share payment fees and brokerage commissions) to no less than 6 undertakers on a best-effort basis through the placement agent, etc. The consignee and its ultimate beneficial owner must be independent third square.

Zhitong Finance App News, Magnesium Technology (00601.HK) issued an announcement. On August 21, 2026 (after the trading period), the Company entered into a placement agreement with the placement agent. According to this, the Company conditionally agreed to place a maximum of 96 million shares at an placement price of HK$0.05 per share (not including the Stock Exchange transaction fees, SFC transaction levies, Central Clearing System share payment fees and brokerage commissions) to no less than 6 undertakers on a best-effort basis through the placement agent, etc. The consignee and its ultimate beneficial owner must be independent third square.